Live Oak Bancshares in Wilmington, N.C., has exited the Small Business Lending Fund.
The $1 billion-asset company
Live Oak, which is among the nation's top Small Business Administration lenders, is the latest bank to exit the SBLF, a program created in 2010 to spur lending to small businesses.
A number of banks have been eager to leave the program before its
Leaders at financial institutions said borrower demand should pick back up, if slowly, following Tuesday's vote.
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Potential new Senate Finance Committee Chair Sen. Mike Crapo, R-Idaho, has suggested a potential workaround to offset the cost of extending the Tax Cuts and Jobs Act.
Few banks are listening to what their customers are saying on Reddit, but the site can help them spot customer complaints and develop content that dispels misinformation.
Sens. Elizabeth Warren and John Hickenlooper say recent data suggests there is "no need for restrictive interest rates" and easier monetary policy is necessary to lower housing costs.
Multiple lenders filled leadership roles across the country, including National Bankshares in Virginia, while Peoples Financial in Pennsylvania said its CEO would step down.
